Word: consumerization
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One man who thought he knew what was wrong was Louis Broido, executive vice president of Manhattan's Gimbel Bros., which has sold more surplus property than any other U.S. retailer. On the basis of this, Broido told the Senate's Mead Committee: all consumer-type surpluses should...
WAA was also wrestling with the artificial division of surpluses into capital and consumer goods. Identical items might be classified differently, warehoused thousands of miles apart, described in Army or Navy nomenclature no civilian buyer could understand.
For over a hundred years it has been customary for each textile mill to specialize in a single process only. One mill would spin, another weave, etc. But when Little established Textron's parent company (Special Yarns Corp.) on $10,000 capital in 1923, he had different ideas. He...
Under the name of Textron Inc., his company began retailing its first civilian goods in August 1943, through department stores and other selected outlets. This proved highly profitable. Furthermore, Textron, a new producer, got a better break on price ceilings than oldline textile companies. The $5 million worth of consumer...
Businessmen last week took a deep breath, and looked apprehensively at the first big batch of first quarter earnings. Then they relaxed somewhat. Despite the steel and coal strikes, rising costs and OPA ceilings, many a company had managed to earn a heart-warming amount of folding money. One big...